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mallicoat. >> i'm michelle griego. the situation in spots of the northeast are dire. >> it is. cbs 5 has teamed up with the american red cross to raise money for the victims and help get things back to normal as soon as possible. and we have been taking your calls and donations all morning long since about 6:00 this morning and the bay area has been very generous and we're not done yet. >> roberta gonzales is in the call center. those phones keep ringing. >> reporter: i am here in the hurricane relief fund telethon. we started at 6:00 this morning. we're going strong all the way until 7 p.m. i'm going to become your very personal friend over the next several hours because i'm not going anywhere. i need your help. i need you to help people on the east coast. it's west coast joining east coast. together we can make it better for everyone because 53,000 people still cannot go home because of the wrath of superstorm sandy. also, people are still without electricity and top that off with a second storm a nor'easter that raced through new york and new jersey yesterday dumping record amounts of
>>> you're watching cbs5 eyewitness news in high definition. >>> i've got the pen, way to sign the bill right away. >>> nerves are rattled as americans keep a close eye on wall street and washington but president obama says we could avoid the fiscal cliff. i'm michelle griego. >> and the president addressed the nation, and quick action to keep all american taxes from going up on new year's day. >> cbs5 reporter cate cauguiran watched the address and is breaks it down. >> what does it really mean for everyone in california. >> reporter: there is a new report that shows the bay area's job market could grow faster than the state of california and the nation over the next two years, but our economic growth could go downhill with this looming fiscal cliff. >> right now, if congress fails to come to an agreement on an overall deficit reduction package by the end of the year, everybody's taxes will automatically go up on january 1 january 1st. everybody's. >> reporter: just hours ago the president warned lawmakers the deadline is approaching. economists say the fiscal cliff could thro
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